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Listed below are year-end account balances (in $millions) taken from the records of Symphony Stores. Debit Credit 683 932 40 38 27 154 479 7
Listed below are year-end account balances (in $millions) taken from the records of Symphony Stores. Debit Credit 683 932 40 38 27 154 479 7 23 10 47 Accounts receivable-trade Building and equipment Cash-checking Interest receivable Inventory Land Notes receivable (long-term) Petty cash fund Prepaid rent Supplies Trademark Accounts payable-trade Accumulated depreciation Additional paid-in capital Allowance for uncollectible accounts Cash dividends payable Common stock, at par Income tax payable Notes payable (long-term) Retained earnings Deferred revenues TOTALS 641 71 472 17 24 11 50 827 293 34 2,440 2,440 What would Symphony report as total shareholders' equity? Multiple Choice $800 millions. $752 millions $776 millions. $1,603 millions
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